1834- HOW LOW WILL IT GO?
This past week I spoke with my
Liberal friend from the North- yes- a real person- not a composite!
I always try and take the middle
ground in these talks- showing my friend that to be too partisan clouds the
mind.
One example- this friend has
bought the whole media line that Romney- because of his wealth- is unfit to
serve.
That his wife does just sit on
the couch all day and does nothing- and they are unable to speak about real
issues because of this.
Now- this person voted for Kerry
a few years back.
I told my liberal friend ‘say if
you found out that Romney actually never earned his money- but he married his
wife- who also never earned it- but she inherited it from a rich father’.
And say if Romney was spending
all of his wife’s money on yachts- expensive vacation homes- and all the ritzy
stuff that Romney has [elevators for cars].
Of course my friend would be even
more mad.
Yet this is exactly what happened
to John Kerry.
He simply married a woman who was
heir to the Heinz ketchup fortune.
Okay- does this make Kerry a bad
man?
No.
But this shouldn’t make Romney a
bad man either- yet I never heard one story about Kerry being a free loader off
of his wife’s money.
The point being we get mad at the
other side- even though we allow those same things to slip by if it happens on
‘our side’.
Now- the other day I posted on
the economy- that I felt we still had a ‘long hard slog’ ahead.
Others had too rosy of a picture
in my view.
Now- economics/finances is like
anything else- you look at the data and make the best ‘guess’ possible.
When I looked at the data at the
end of last year- we had some bad signs ahead.
This year- the states and local
govts [cities- towns] were not going to have anywhere near the revenue that
they had for the past few years.
Why?
The federal govt. has cut back
much of the funding that they gave to the states.
Obama care has also put a huge
burden on the states.
One of the ways it ‘covers’ the
uninsured is to simply mandate that the states put millions of more people on
the Medicare rolls.
This is a tremendous cost to the
states- money they don’t have.
Home prices.
Housing prices have gone down- in
some places more than 50%- and the way most states/cities pay for their local
expenses [schools] is this way [property tax].
So you basically have the states
and cities having to come up with more money- and in reality they have nowhere
to get the money.
Now- last night I watched the
governor from Cali. say that the state is in almost double the debt that they we
were expecting.
California is 16 billion in debt-
not 9 billion as was projected.
Governor Brown- a smart guy- he
once studied to be a Jesuit priest- they are top of the line intellectuals
among Catholic priests.
[just as a side note- this order rose up
during the Protestant Reformation of the 16th century. A soldier by
the name of Ignatius Loyola was wounded and recovering in the hospital.
He read about the life of Christ
and dedicated himself to the Lord.
The Jesuits were the order he
founded.
They evangelized all the way into
Asia- an area that the Protestant missionaries avoided.
The Jesuits played a major role
in the scientific revolution- as a percentage of how few Jesuits there were-
they had a huge impact on the development of modern science.]
So governor Brown said his state
has lived beyond it’s means for too long- they spent money they did not have-
and now the chickens have come home to roost.
Brown is a liberal Democrat.
The governor of N.Y. said the
same thing a few months back.
When he got elected he actually
worked with the unions in the state and worked out a deal where they were going
to cut the huge expenses that the retirees managed to bargain for over the
years.
Cuomo- another Democrat- said it
was impossible for the state to continue to pay out these lavish benefits.
After the union leaders made the
deal- the rank and file rose up [like Greece] and simply elected new leaders who
would fight the changes.
I heard a clip from Cuomo- he was
yelling ‘we can’t keep making the rich/businesses pay- they are all leaving the
state’- just like Cali.
So- with unemployment at historic
highs- with state and local govts having to lay off tons of teachers and cops
and firefighters.
While the cost to the states is
going up- a lot [Obama care].
With all these things in the
hopper- besides the ‘unknowns’ like the banks [Morgan Chase] still making risky
bets.
Yes- in my view I could not see
how some financial guys were talking a huge recovery- some have said they
thought the DOW would be at 17,000 next year- nuts!
As I spoke to my liberal friend-
they said ‘so- do you think Romney would have been able to create more jobs
than Obama’!
They were mad- I said I’m really
not a Romney supporter- but being I live in oil state I know from firsthand
experience that Obama has cost us jobs.
When he got in office the regulations
and the EPA came down hard on the state- they cost lots of jobs.
I saw a clip- video- from Obama the
other day- it was from January of 2008- he said he wanted to see the cost of
opening up coal powered plants go so high that any sane business person would
simply choose not to do it.
Okay- if you have said these
things- and have actually done them- then yes- there have been very real jobs
lost because of these things.
I assume Romney would not have
done this- at least not as much as Obama.
So yes- it’s quite possible that
the president’s agenda has cost jobs.
I also explained to my friend
that many business owners have put off hiring for 3 years now- because if Obama
care passes many of them will be mandated to pay the health care- or a huge
fine- for each worker.
Now- as noble as these things
might be- they cost real jobs.
My liberal friend- who is a nice
person- has lived off of govt. programs for a long time- has only worked a real
job for a small part of life.
This person simply had no idea
how the private sector really worked- they just listen to the media talking
points- and the real world is so much different.
Note- Do me a favor, those who
read/like the posts- re-post them on other sites as well as the site you read
them on. Thanks- John. Don’t forget to ‘click’ the note App on my Facebook
Profile- I have posted lots.
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